An initial amount of $1400 is invested in an account at an interest rate of 4.5% per year, compounded continuously. Assuming that no wit find the amount in the account after seven years. Do not round any intermediate computations, and round your answer to the nearest cent.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
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An initial amount of $1400 is invested in an account at an interest rate of 4.5% per year, compounded continuously. Assuming that no withdrawals are made,
find the amount in the account after seven years.
Do not round any intermediate computations, and round your answer to the nearest cent.
?
Transcribed Image Text:An initial amount of $1400 is invested in an account at an interest rate of 4.5% per year, compounded continuously. Assuming that no withdrawals are made, find the amount in the account after seven years. Do not round any intermediate computations, and round your answer to the nearest cent. ?
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